AUDUSD - Downward trend will continue, Short trade by market price recommended

14. Juni 2019 10:06:08 by Alexander Zorevyk
Forecast Details
PairAUDUSD
Direction Verkauf
StatusClosed (0.686)
10:03
10:03
14.06.2019

-40 p
0.6940
Stop Loss
0.6900
Entry
+39 p
0.6860
Target 1
Chart & Analyst Comments
AUDUSD - Downward trend will continue, Short trade by market price recommended
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For today's forecast, we recommend a sell order at the current market price. This idea is based on the following analysis:

  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. The Current Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  4. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.